Healthcare of Ontario Pension Plan Trust Fund Purchases 129,159 Shares of Lamb Weston $LW

Healthcare of Ontario Pension Plan Trust Fund raised its position in Lamb Weston (NYSE:LW) by 288.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 174,006 shares of the specialty retailer’s stock after acquiring an additional 129,159 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Lamb Weston were worth $7,353,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Royal Bank of Canada boosted its position in shares of Lamb Weston by 29.4% in the 1st quarter. Royal Bank of Canada now owns 185,038 shares of the specialty retailer’s stock worth $9,862,000 after purchasing an additional 42,039 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Lamb Weston by 3.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,355 shares of the specialty retailer’s stock valued at $872,000 after buying an additional 549 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Lamb Weston by 19.4% in the second quarter. EverSource Wealth Advisors LLC now owns 3,490 shares of the specialty retailer’s stock valued at $181,000 after buying an additional 567 shares during the last quarter. Amundi boosted its holdings in Lamb Weston by 405.9% in the second quarter. Amundi now owns 256,794 shares of the specialty retailer’s stock worth $13,548,000 after acquiring an additional 206,034 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in Lamb Weston by 70.7% in the second quarter. Gamco Investors INC. ET AL now owns 18,116 shares of the specialty retailer’s stock worth $939,000 after acquiring an additional 7,503 shares in the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Stock Down 1.3%

Shares of LW stock opened at $53.90 on Thursday. The stock’s 50-day simple moving average is $45.40 and its 200-day simple moving average is $44.54. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.74 and a current ratio of 1.42. The firm has a market capitalization of $7.41 billion, a PE ratio of 25.91, a P/E/G ratio of 2.45 and a beta of 0.47. Lamb Weston has a fifty-two week low of $37.62 and a fifty-two week high of $67.07.

Lamb Weston (NYSE:LW) last released its earnings results on Friday, July 24th. The specialty retailer reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.24. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.70 billion. Lamb Weston had a return on equity of 23.33% and a net margin of 4.39%.The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 earnings per share. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. Equities analysts expect that Lamb Weston will post 3.04 earnings per share for the current year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 7th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, August 7th. Lamb Weston’s dividend payout ratio (DPR) is 73.08%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LW shares. Weiss Ratings upgraded shares of Lamb Weston from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Stifel Nicolaus lifted their target price on shares of Lamb Weston from $45.00 to $52.00 and gave the stock a “hold” rating in a research note on Monday. BNP Paribas Exane dropped their target price on shares of Lamb Weston from $48.00 to $41.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. TD Cowen upped their price target on shares of Lamb Weston from $40.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. raised their price target on shares of Lamb Weston from $43.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $53.36.

Lamb Weston Profile

Lamb Weston, traded on the NYSE under the symbol LW, is a leading global processor and supplier of frozen potato products. The company’s portfolio includes a variety of potato-based items such as French fries, potato wedges, hash browns and specialty cuts tailored to the foodservice and retail grocery channels. Lamb Weston serves quick-service restaurants, full-service operators, grocery chains and food distributors, offering customized product formats, packaging solutions and seasoning options to meet evolving customer demands.

Founded in 1950 and headquartered in Eagle, Idaho, Lamb Weston has grown from a regional processor into one of the world’s largest producers of frozen potato products.